Futu News reported on April 25 that the three major indices of Hong Kong stocks had mixed ups and downs. By the close, the Hang Seng Index had risen 0.48%, the Science Index had risen 0.54%, and the National Index had risen 0.33%.
By the close, Hong Kong stocks had risen by 1008, fell by 851, and closed by 1,139.
The specific industry performance is as follows:
On the sector side, the trend of TechNet shares was mixed. Bilibili rose nearly 2%, Ali and Jingdong rose slightly, Meituan fell nearly 2%, Tencent and NetEase fell more than 1%, and Kuaishou and Xiaomi fell slightly.
Domestic housing stocks rose many times. Agile Group rose more than 9%, China Overseas Development rose more than 6%, Longhu Group rose nearly 4%, China Resources Land rose nearly 3%, and Vanke Corporation rose nearly 2%.
Coal stocks strengthened. South Gobi rose nearly 13%, Mongolian coking coal rose nearly 7%, Yankuang Energy rose nearly 3%, China Coal Energy rose more than 2%, and China Shenhua rose more than 1%.
Non-ferrous metals stocks generally rose. China's aluminum industry rose nearly 6%, China's Hongqiao rose nearly 4%, Tianqi Lithium rose nearly 3%, Zhaojin Mining rose more than 2%, and Luoyang Molybdenum industry rose more than 1%.
Oil and gas stocks rose one after another, with CNOOC, CNPC, and Sinopec rising more than 1%.
On the other side, aviation stocks, military stocks, semiconductor stocks, shipping stocks, and biomedical stocks rose sharply, online education stocks declined significantly, and heavy machinery stocks continued to fall.
In terms of individual stocks,$EAST BUY (01797.HK)$With a drop of more than 9%, Goldman Sachs indicated that pressure on profit margins was increasing and the target price was lowered.
$SDHG (00412.HK)$It increased by more than 13% and joined hands with Century Internet to build a green computing power project in Ulanqab.
$CHINAHONGQIAO (01378.HK)$It rose nearly 4% to a new high, and aluminum prices fluctuated at a high level.
$ASMPT (00522.HK)$With a decline of nearly 7%, the recovery prospects for the traditional packaging business are becoming more cautious, and the incremental contribution of AI-related businesses is expected to increase.
$SITC (01308.HK)$It rose by more than 4%, and the main force in the shipping index rose by more than 4%. The effect of the airline's increase in freight rates in May still needs to be observed.
$MONGOL MINING (00975.HK)$It rose nearly 7%. The second round of increases in coke boosted market sentiment, and demand for coking coal is expected to increase.
Today's top 10 Hong Kong stock turnover
Hong Kong Stock Connect Capital
On the Hong Kong Stock Connect side, today's net inflow of Hong Kong Stock Connect (southbound) was HK$1.88 billion.
Agency Perspectives
Goldman Sachs: Maintains Xiaomi Group-W “Buy” Rating, Target Price HK$20
Goldman Sachs released a research report stating that it believes$XIAOMI-W (01810.HK)$It has successfully penetrated into the price range of smart electric vehicles and high-end smart phones, as well as its cross-industry capabilities, supporting the Group to build a world-leading integrated technology platform. The bank was pleasantly surprised by Xiaomi's sales volume and profit margin for electric vehicles this year, as well as the model target for high-end smartphones; it reiterated its “buy” rating, with a target price of HK$20, and believed that its electric vehicle revenue and gross profit forecast had room for further improvement.
Citigroup: Giving Shunyu Optics a “buy” rating, target price of HK$63.5
According to a research report released by Citi,$SUNNY OPTICAL (02382.HK)$The “buy” rating, with a target price of HK$63.5, corresponds to about 30 times the projected price-earnings ratio in 2024. It mainly reflects the recovery in profits brought about by the Periscope lens upgrade, the improvement in mobile phone lens gross margin, and further growth in the automotive/XR business.
Komo: AsMPT gave an “additional” rating, and the target price was raised to HK$120
J.P. Morgan Chase released a research report saying that$ASMPT (00522.HK)$ The “increase in holdings” rating has lowered the earnings forecast per share by 31% and 29% for this year and next two years due to being more cautious about the recovery prospects of the traditional packaging business. Currently, it is expected that the traditional packaging business may not be able to return to 2018 levels until 2026. However, Motong stressed that it has strong confidence in the company's AP business growth. It expects the incremental contribution of AI-related businesses to increase. The expected valuation has room to rise, and the target price will be raised from HK$100 to HK$120.
Edit/Cynthia